Dai (DAI) is currently trading at $1.00, reflecting a slight increase of 0.06573% over the last 24 hours. The daily price range has been narrow, with a high of $1.001 and a low of $0.9988, indicating strong price stability typically associated with stablecoins.

Trading volume stands at 108,305,850, representing 2.45% of the market cap, which suggests moderate trading activity. The short-term moving averages (8, 13, 21, 55, and 144 SMA) indicate a consistent price around $0.9998 to $0.9999, reinforcing the stability of DAI as a stablecoin.

The 1-hour RSI is at 56, suggesting that the asset is neither overbought nor oversold, while the 7-day RSI is neutral at 50. The recent price changes show a positive trend over the last week (0.1775%), but a decline over the last 14 days (-0.0506%) indicates some short-term volatility.

DAI’s price has remained close to its peg of $1, which is typical for stablecoins, and its all-time high was $1.22 on March 13, 2020. Given the current market conditions, with stable price movements and modest volume, DAI continues to serve its purpose as a reliable stablecoin in the market.

Overall, the data points toward a stable asset that is not currently exhibiting signs of significant upward or downward momentum. Therefore, I recommend a Hold rating on DAI, as it maintains its peg effectively but does not present immediate opportunities for profit outside its stablecoin framework.